What are the requirements for a property to be sold as a going concern (0% VAT payable)?

Author
Melanie Coetzee
Melanie Coetzee is a seasoned conveyancing attorney and after having practiced in a corporate property law firm for 16 years, constituted her own Compliance Consultancy in 2021. Melanie specialises in supporting Law Firms and Estate Agencies with all aspects of Regulatory Compliance and in particular POPIA and FICA compliance. You can contact her on general@melaniecoetzee.co.za

  • Both the seller and the purchaser as described in the Offer must be registered for VAT;
  • There must be a VATable business being conducted at the property which is being sold as part of the property (like a lease); and
  • the VATable business must also be sold from seller to purchaser.
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